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Tuesday, October 5, 2010

Commodity Market Fundamental Review 05th Oct.

News Highlight
  • US GOLD NEAR RECORD HIGHS, EYES FRESH DOLLAR WEAKNESS.
  • US OIL BREAKS $ 81 LEVEL; ON MORE THEN 2 MONTHS HIGH.
  • US COPPER RALLY STALLS AS DOLLAR REBOUNDS, STOCKS RISE.
  • INDIAN PEPPER FALLS ON SLUGGISH EXPORTS; TURMERIC UP.
Fundamental Review
US GOLD FIRMED ON MONDAY, SUPPORTED NEAR RECORD HIGHS AS INVESTORS CONTINUED TO FRET ABOUT THE OUTLOOK FOR THE DOLLAR AMID SPECULATION OF FURTHER U.S. MONETARY EASING, BUT WITH A RECOVERY IN THE UNIT KEEEING A LID ON GAINS. US COPPER STEADIED ON MONDAY, AFTER TOUCHING A MORE THAN TWO-YEAR PEAK IN THE PREVIOUS SESSION, AS TRADERS WEIGHED A RECOVERY IN THE DOLLAR AND AN INCREASE IN INVENTORIES AGAINST TIGHTENING SUPPLY-DEMAND BALANCES.

1 comments:

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